Analyst Ups Starbucks Price Target, Celgene Remains Top Stock Pick
Starbucks Corp.(NASDAQ:SBUX): Baird raised its price target on Starbucks following good Q1 results. The firm cited potential for strong top-line momentum, long term growth prospects, and healthy balance sheet characteristics. Shares are Outperform rated.
Celgene Corporation(NASDAQ:CELG): Piper Jaffray says Celgene remains a top pick for 2012 following the company’s Q4 results and raised its price target for shares to $93 from $89.
Ball Corporation(NYSE:BLL): Baird raised its price target on Ball following Q4 results citing improved volumes, easier comparisons, and cash flow allocation towards share buybacks. Shares are Outperform rated.
Delphi Automotive PLC(NYSE:DLPH): Baird said Delphi Automotive is now their top auto idea following excellent Q4 results. The firm cited above market growth, margins, and execution. Shares are Outperform rated.
CARBO Ceramics Inc.(NYSE:CRR): After CARBO reported lower than expected Q4 EPS, BMO Capital thinks the miss was caused by a timing discrepancy. The firm reduced its target on the stock to $150 from $175 but maintains an Outperform rating.
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